Exodus launches digital dollars powered by MoonPay, joining the stablecoin race.
Crypto wallet provider Exodus (EXOD) has partnered with fintech company MoonPay to launch a fully reserved, US dollar-backed stablecoin, officially entering the stablecoin market.
MoonPay will issue and manage the stablecoin, with support from stablecoin infrastructure provider M0. The token is expected to launch in January 2026, with network and product details to be announced later.
This move places Exodus among the few publicly listed companies behind stablecoin products, including Circle (USDC), PayPal (PYUSD), and Fiserv (FIUSD).
The Exodus stablecoin is at the core of its upcoming product, Exodus Pay. Exodus aims to provide everyday crypto payment services while ensuring users retain full control over their cryptocurrencies. Users can spend and send digital dollars through the Exodus app, earn rewards, and avoid the complexities of traditional crypto transactions.
JP Richardson, co-founder and CEO of Exodus, stated: "Stablecoins are rapidly becoming the simplest way for people to hold and transfer US dollars on-chain. But the user experience still needs to meet the expectations of today’s consumer applications."
In practice, this could mean users making international remittances or buying coffee with stablecoins within the Exodus app, without needing to interact with centralized exchanges or manage complex wallet setups.
MoonPay launched its enterprise stablecoin platform in November, and the company said that the deal with Exodus demonstrates that branded digital dollars can be embedded into consumer-facing financial tools.
Ivan Soto-Wright, CEO of MoonPay, said: "This launch demonstrates what’s possible when consumer-first products combine compliant stablecoin issuance with infrastructure and distribution that can operate globally."
The Exodus stablecoin will be traded through MoonPay’s global network, allowing users to utilize its buy, sell, and swap tools. The specific issuance will depend on approval from regulatory authorities in each market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NVIDIA (NVDA.US) management changes may affect Anthropic's IPO plans; the market is watching whether the multi-billion-dollar investment will change
With the sudden departure of Nvidia CEO Jensen Huang, the record-breaking initial public offering plan of AI giant Anthropic is being reconsidered by the market.
Nebius Q3 results exceed expectations, capital expenditure rises to $27 billion, ARR target postponed, stock falls over 14% pre-market | Earnings Report Insights
Nebius reported Q3 revenue of $981 million (a year-on-year increase of 571%) and adjusted EBITDA of $466 million, both exceeding expectations. However, the company delayed and lowered its guidance for annual recurring revenue (ARR), stating that it is no longer applicable. Additionally, it significantly raised its 2026 capital expenditure target to $27 billion, with projections to further increase to $40 billion to $45 billion in 2027. The stock price plummeted more than 14% in pre-market trading.
AUD/USD Price Forecast: Breakdown of H&S pattern keeps the pair under pressure
U.S. Stock Market Preview | Major Index Futures Mixed; Nvidia Plunges Pre-market; Fed Officials' Speeches Incoming
Before the U.S. stock market opens on Thursday, November 12, the three major U.S. stock index futures showed mixed movements.
Crypto prices
More
